Ethereum Founder Warns: Cryptocurrencies Could Drop to ’Near-Zero’ Any Moment
Recently, a young Russian of only 24 years who is the co-founder of Ethereum, is one of the leaders in the world of cryptocurrencies warned simply by stating that ‘cryptocurrencies could drop to ‘Near-Zero’ any moment’.
Ethereum Founder Warns: Cryptocurrencies Could Drop to ‘Near-Zero’ Any Moment
Vitalik Buterin, a young Russian of only 24 years and the co-founder of Ethereum, is one of the leaders in the world of cryptocurrencies, and recently referred to the stability to invest in them. The position of Buterin was clear: “do not put more money than you can afford to lose”.
The complex oscillations that cryptocurrencies have had in recent months have opened the debate about their stability to accumulate value at present. It is undeniable that the blockchain technology is revolutionary and its scope is vast. However, there are elements that concern the communities, such as the hypothesis that the bitcoin fell almost by the responsibility of a person.
Among these changes, not even ether is saved, and recently its co-founder noted on Twitter that it is a terrible idea to deposit more than you are willing to lose in cryptocurrencies. Here is what the young Russian of only 24 years and the co-founder of Ethereum commented or tweeted recently via his Twitter profile:-
“Cryptocurrencies are still a class of new, hyper-volatile assets, and could fall to almost zero at any time. Do not put more money than you can afford to lose. If you’re trying to figure out where to save your life’s savings, traditional assets are still your safest bet.”
Here’s the original tweet of the co-founder of Ethereum:-
Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet.
— Vitalik Buterin (@VitalikButerin) February 17, 2018
The dynamics of cryptocurrencies have been acquiring different edges in the last time. From projects that promise to strengthen the blockchain technology in a radical way, such as Telegram Open Network, to others that are very doubtful in Chile and the world.
As the mining fever has rebounded with questionable methods and even programs to track transactions have been announced. At the same time, state initiatives are beginning to be consolidated.
So, what do you think about this and how do you see the future of cryptocurrencies? Simply share all your views and thoughts in the comment section below.